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This can optimize your mining profits. USA, east shore: stratum+tcp://us-east. Stratum.slushpool.com:3333 Europe stratum+tcp://eu.stratum.slushpool.com:3333 China, mainland stratum+tcp://cn.stratum.slushpool.com:3333stratum+tcp://cn.stratum.slushpool.com:443 Asia-Pacific/Singapore: stratum+tcp://sg.stratum.slushpool.com:3333 What are Slush Pools Fees Slush Pool charges 2% of payouts. This may seem like a great deal but unlike other pools it shares the transaction fees using its miners. At current levels, these amount to 1-2 BTC more each block.

They also make the Bitcoin TREZOR hardware pocket and Coinmap.org. Ethereum Mining Pool Many people want to use the pools over for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please visit our post on Ethereum mining pools to get much more info on ETH certain pools.

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To get LTC mining you will need different hardware and another pool. Bitcoin Mining Pool Taxes Youll need to consult an accountant or lawyer in your town. But most probably you'll have to pay income tax on income from mining pools just as you would for any other type of income.

Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.

A"share" is awarded to members of this Bitcoin mining pool that present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the problem for mining increased to the point where it could take years for slower miners to generate a block.

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The solution to this problem was for miners to pool their resources in order that they could generate cubes faster and therefore obtain a portion of this Bitcoin block reward on a consistent basis, rather than randomly once every few years.

If you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you'll need to ensure you are in consensus with the Bitcoin network. The best way is to utilize the official BitCore client.

Should you take part in an Bitcoin mining pool then you might want to ensure that they are engaging in behavior that's in agreement with your philosophy towards Bitcoin.

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For go to these guys instance, some rogue developers have threatened to release software that may hard-fork the network that would likely result in tremendous financial damage.

Therefore, it's your duty to make sure that any Bitcoin mining power you lead to a mining pool does not try to enforce network consensus rules that you disagree with.

When segwit is activated, you will want to be able to mine and relay segwit-style blocks. The following mining software has been upgraded to support segwit.

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Please note that software that supports the GetBlockTemplate (GBT) RPC has to be updated to support the BIP9 and BIP145 changes to GBT. All the apps linked previously that support GBT have been upgraded.

Segwit is triggered and enforced on testnet, so you could find it useful to check your infrastructure update by mining with some little amount of hashrate on testnet. Alternatively, Bitcoin Core 0.13.1s regression test style (regtest) also supports segwit by default.

There are many good Bitcoin mining pools to select from. Although it's tempting to select the very popular one, it's better for the health of the network to mine with pools in order to avoid potentially damaging concentration of hashing power.

The following pools are Thought to be currently fully validating blocks with Bitcoin Core 0.11 or afterwards:

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BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining pool currently controls around 15 percent of their network hash rate.

Slush Pool: Slush Pool is run by Satoshi Labs, a Bitcoin company based in the Czech Republic. Slush Pool was the initial mining pool and maintains around 7% of their network hash rate.

Antpool: WARNING - Bitmain works Antpool and some consider these to be a malicious actor in the Bitcoin ecosystem due to the AntBleed scandal in which they were intentionally including malware within mining equipment they sell. In a corporate communication, Bitmain maintained this was a feature and not a bug. This malware would enable Bitmain to shut down equipment of customers or competitors thus increasing their own elevation.

Eligius: Eligius was one of the very first Bitcoin mining pools and was founded by Luke Dashjr, a Bitcoin Core programmer. Today, the pool controls just under 1 percent of the network hash rate.

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BitMinter: BitMinter, once one of the largest Bitcoin mining pools, now controls less than 1 percent of the network hash speed.

Kano CKPool: Kano CKPool has been founded in 2014 and currently has around 3% of their network hash rate under its control.

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